Trading Room – NZDUSD

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Today’s seesion should be exceptional for the popular kiwi. The main causes are obviously meetings both FED (first) and RBNZ. Technically, the pair broke down bottom border of triangle formation owing to poor inflation data from Australia. Thus, we may look for short position at market, especially taking into account quite strong odds for dovish RBNZ’s statement relatively to the Federal Reserve. Sell: at market TP: 0,6650 SL: 0,6745   *Simultaneously, it is informed that management of position belongs to customer. Both TP and SL levels are only propositions. Each one may manage its trade independently (it means to close at lower gain or cut losses at lower level). It is important because many positions do not achieve strictly assumed TP being close to them, subsequently that position may cause loss. A crucial issue is appropriate management of each offered trades. First TP point stipulates possible partial acomplishment of profit – if you can recognize more than one „Take Profit”.